{"id":113899,"date":"2026-03-26T12:39:17","date_gmt":"2026-03-26T09:39:17","guid":{"rendered":"https:\/\/www.capitalfm.co.ke\/business\/?p=113899"},"modified":"2026-03-26T12:39:17","modified_gmt":"2026-03-26T09:39:17","slug":"s-korea-to-expand-fuel-tax-cuts-amid-middle-east-conflict","status":"publish","type":"post","link":"https:\/\/www.capitalfm.co.ke\/business\/2026\/03\/s-korea-to-expand-fuel-tax-cuts-amid-middle-east-conflict\/","title":{"rendered":"S. Korea to expand fuel tax cuts amid Middle East conflict"},"content":{"rendered":"
SEOUL, March 26 (Xinhua) — South Korea planned to expand fuel tax cuts amid the continued Middle East conflict, the finance ministry said Thursday.<\/strong><\/div>\n
\n
\n

Starting from Friday, the current tax reduction rates of 7 percent for gasoline and 10 percent for diesel will be raised to 15 percent and 25 percent, respectively, according to the Ministry of Economy and Finance.<\/p>\n

The fuel tax per liter, including value-added tax, will drop by 65 won (0.04 U.S. dollars) to 698 won (0.46 dollars) for gasoline and by 87 won (0.06 dollars) to 436 won (0.29 dollars) for diesel.<\/p>\n

The fuel tax cut, originally scheduled to expire in April, will also be extended until the end of May.<\/p>\n

The measures were aimed at stabilizing public livelihoods amid growing worry about supply-side inflationary pressures, driven by geopolitical risks in the Middle East.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Starting from Friday, the current tax reduction rates of 7 percent for gasoline and 10 percent for diesel will be raised to 15 percent and 25 percent, respectively, according to the Ministry of Economy and Finance.<\/p>\n","protected":false},"author":13682,"featured_media":112269,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[7210,27163,27164,18163],"coauthors":[5615],"class_list":["post-113899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-expand","tag-fuel-tax-cuts","tag-middle-east-conflict","tag-s-korea-2"],"yoast_head":"\nS. 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